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Which of the following should appear as items in a company’s statement of changes in equity? (1) Profit for the financial year (2) Income from investments (3) Gain on revaluation of non-current assets (4) Dividends paid A1,3 and4 B1 and4 only C2 and3 only D1,2 and3
PRESENTING INFORMATION IN THE STATEMENT OF CHANGES IN EQUITY:
1- net profit (loss) of the reporting period.
2- a result of non-current tangible assets revaluation.
3- declared dividends and other payments related to the distribution of profit.
the Answer is B (1&4)
ACCORDIN TO IAS1 IN PRESENTATION OF FINANCIAL STATEMENT YOU WILL TAKE PROFIT OF FINANCIAL YEAR1 AND DIVIDEND4 .
INCOME FROM INVESTEMENT AND GAIN ON RESERVE AREADY TAKEN IN PROFIT FROM INCOME STATEMENT AS PER IAS 12.
b1&4
The correct answer B1 and4 only
Statement of Changes in Equity incloudes :-
1- retained earnings .
2-accumulated other comprehensive income .
3- common stocks .
4- additional paid-in capital .
5- trasury stocks .
according to the q anser is A (1,3,4 )
income from investments inclouded already in net profit .
